Publicis Groupe SA (OTCMKTS:PUBGY) Short Interest Update

Key Points

• Publicis Groupe SA experienced a significant decrease in short interest, dropping by 66.6% from 101,500 shares to 33,900 shares by the end of September.
• Analysts have upgraded Publicis Groupe to a "strong-buy" rating, with two analysts affirming this and one giving a regular buy rating, contributing to an overall average rating of "Strong Buy".
• The stock of Publicis Groupe opened at $25.24 and has fluctuated between a 52-week low of $20.71 and a high of $28.73.

Publicis Groupe SA (OTCMKTS:PUBGY - Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 33,900 shares, a decrease of 66.6% from the September 15th total of 101,500 shares. Based on an average daily volume of 520,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 520,300 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Huber Research raised Publicis Groupe to a "strong-buy" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

Publicis Groupe Stock Up 0.6%

Shares of PUBGY stock opened at $25.24 on Friday. Publicis Groupe has a 52 week low of $20.71 and a 52 week high of $28.73. The company has a 50-day simple moving average of $23.71 and a 200 day simple moving average of $24.90.

About Publicis Groupe

Publicis Groupe SA provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East. The company offers advisory services for brand strategy, and repositioning and their identity under the Publicis Worldwide, Saatchi & Saatchi, Leo Burnett, Marcel, Fallon, and BBH brands; online advertising services under the Razorfish and Moxie brand names; crisis communications, press relations, public affairs, institutional relations, financial communications, and strategy management services; media consulting, planning, and buying services; performance marketing services; and e-commerce services.

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